Swiss Life Asset Management Ltd Buys Shares of 2,827 Vicor Corporation $VICR

Swiss Life Asset Management Ltd bought a new stake in shares of Vicor Corporation (NASDAQ:VICR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,827 shares of the electronics maker’s stock, valued at approximately $310,000.

A number of other institutional investors have also added to or reduced their stakes in VICR. Millennium Management LLC boosted its holdings in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after buying an additional 254,630 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Vicor in the 3rd quarter valued at about $12,625,000. UBS Group AG boosted its holdings in shares of Vicor by 643.6% in the 3rd quarter. UBS Group AG now owns 104,076 shares of the electronics maker’s stock valued at $5,175,000 after buying an additional 90,079 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Vicor by 172.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 98,366 shares of the electronics maker’s stock valued at $4,891,000 after buying an additional 62,233 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on VICR. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC raised their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Roth Mkm restated a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vicor presently has a consensus rating of “Buy” and a consensus target price of $198.33.

Insider Activity at Vicor

In other Vicor news, Director Andrew D’amico sold 800 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $315.35, for a total transaction of $252,280.00. Following the sale, the director owned 800 shares of the company’s stock, valued at approximately $252,280. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kemble D. Morrison sold 2,313 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $301.59, for a total transaction of $697,577.67. Following the sale, the vice president directly owned 372 shares in the company, valued at approximately $112,191.48. This represents a 86.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 748,666 shares of company stock worth $145,530,238 in the last 90 days. 31.30% of the stock is owned by insiders.

Vicor Trading Down 9.0%

NASDAQ:VICR opened at $249.02 on Tuesday. The company has a market cap of $11.35 billion, a PE ratio of 83.28 and a beta of 2.33. Vicor Corporation has a twelve month low of $40.54 and a twelve month high of $316.82. The company’s 50 day moving average is $210.84 and its two-hundred day moving average is $157.14.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. Vicor’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, analysts expect that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Vicor Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.